Valley Residential Services Inc

Analysis

Valley Residential Services Inc is a registered charity in United States, based in Mt Pleasant, MI. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Valley Residential Services Inc reported income of $9.0m and spending of $9.0m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.3m to $9.0m (+23%), an average of +5.2% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Valley Residential Services Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Urban League of Middle Tennessee ($9.0m), Boysville Inc ($9.0m) and Racine Kenosha Community Action Agency Inc ($9.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $112k (1.2% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $2.6m against liabilities of $261k, net assets of $2.3m. It reported 299 employees.